BILL · 2003–04 SESSION

SB 5393: Employer-owned insurance

Regulating insurable interests and employer-owned life and disability insurance.

Summary

  • For insurance transactions in Washington State, a person may not insure against the death or disability of another person unless they have an insurable interest in the other person.

From the Senate Bill Report (SB 5393), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 23, 2003
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Don Benton (R-17)
Introduced
January 23, 2003 in the Senate
Last action
January 12, 2004
Requested by
Other
Companion bill
HB 1230

AN ACT Relating to insurable interests and employer-owned life and disability insurance;

Sponsors

Prime sponsor: Don Benton (R-17)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. First reading, referred to Financial Services, Insurance & Housing.

SB 5393 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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